Skip to content
Solved
SearchBrowse
Sign in

Contents

Legislation
Finance Act 1981

Part VIII Supplementary Petroleum Duty

  • Section 122 Charge of supplementary petroleum duty.
  • Section 123 Increase of gross profit by reference to royalties in kind.
  • Section 124 Reduction of gross profit by reference to exempt allowance.
  • Section 125 Repayment of duty in case of field showing loss on cessation.
  • Section 126 Deduction of duty in computing assessable profit or allowable loss for petroleum revenue tax.
  • Section 127 Deduction of duty in computing income for corporation tax.
  • Section 128 Supplementary Provisions.
  1. Part VIII · Supplementary Petroleum Duty
  2. Supplementary Provisions.

Section 128 | Supplementary Provisions. F1

From legislation.gov.uk

(1)Schedule 16 to this Act shall have effect with respect to the management and collection of duty.

(2)In section 1(1) of the Provisional Collection of Taxes Act 1968 after the words “petroleum revenue tax” there shall be inserted the words “ supplementary petroleum duty ”.

(3)This Part of this Act shall be included in the Oil Taxation Acts for the purposes of section 108 of the Finance Act 1980 (gas banking schemes).

Notes

  1. F1

    Part VIII (ss. 122–128) repealed by Finance Act 1982 (c. 39), s. 157(6), Sch. 22 Pt. IX for chargeable periods ending after 31 December 1982.

PreviousNext
PrivacyTerms